Padgett Stratemann is now RMSAs San Antonio becomes a bigger player in Texas Business, more national firms are entering this market. A national firm does not start from zero. RMS (http://rsmus.com/) purchased Padgett. This gives the buyer a large client base to start with. Typically the local partners have made a handsome profit on their time at the firm. But seeking to recoup the investment, the buyer typically raises fees knowing some business will be lost. RMS has re located from North Loop 410 to 1604 and 281. Renee Foshee, a tax expert with the firm, is the current SA CPA Society President.

Turner Cleveland PCTerry Cleveland has addressed our students. Two of our graduates are employed with at this firm.

Ridout Barrett CPAsTony Ridout has visited and addressed our students many times. We have placed graduates with Ridout for several years.

Financial Consulting Firms

Aventine Hill Partners, Inc.Beth Hair CEO founded Aventine in San Antonio in 2009. The firm now has offices in Dallas, Austin, San Antonio, and Houston. She formerly was with RGP.

Resource Global ProfessionalsSusan Hough has been to campus and spoken to our students. She is the San Antonio Manager of RGP. RGP and Aventine are not CPA firms. Instead they offer contract specialists for firms needing specific tasks such as compliance or Controllerships.

Accounting Information

Acounting Today This is an independent site for accounting news regarding firms and current issues.

Accounting Certifications

Certified Information Systems Auditor CISANow that everything is literally on the computer and cyber security becomes a prominent issue, I see more and more accounting professionals with this designation. Previously known as the Information Systems and Audit Control Association, it now goes by the acronym ISACA.

Geo Politics

Institute for the Study of WarThe Institute for the Study of War advances an informed understanding of military affairs through reliable research, trusted analysis, and innovative education. We are committed to improving the nation’s ability to execute military operations and respond to emerging threats in order to achieve U.S. strategic objectives. ISW is a non-partisan, non-profit, public policy research organization.

StratforThis Austin, TX based site was begun by an ex Texas State Professor.

October 30, 2009

has netted 7500 with unreported offshore accounts. Now they want to lean on those folks to squeal on who led them to such nefarious tactics. This sort of thing is a disgrace. The Tax system in this country is a disgrace and is often used to as leverage against people. Such efforts of so many do not result in any productive enterprise, this costs us all money.

Read Neal Boortz, The Fair Tax. but as Walter Williams says, first we have to repeal the 16th amendment that allowed the income tax in the first place.

If Chrysler is going to make it, someone is going to have to come up with some money.

That's my favorite saying about accounting, sooner or later it's all about the money.

Jerry Flint takes a look at the capital budgeting options for Chrysler. Interestingly Fiat has yet to put up a dime, smart guys I would say.

Flint suggests that Chrysler will go back to the government, and shows that Ford is already lined up for another $6 Billion. The best bet is that the Administration will not let the Midwest lose more jobs before the 2012 elections. I am with Jerry, Chrysler gets the money. Do I think that will work, no......

More unintended consequences. Congress limited deductibility of country club dues and sure enough, the bleeding began. Now newer country clubs are in foreclosure, a combination of tax changes, the economy, and perhaps the desire to do things other than play golf in luxury surroundings.

Note his discussion of costs and adapting to new delivery platforms. But I found his observation that being in a movie theater is great but in India they are watching movies on cell phones. I will pass on watching the movie on the cell phone...

I do agree that great stories make the movie, this means more outlets for budding writers and film makers.

I am not surprised. Harry Browne as the libertarian candidate for President wrote Why Government Doesn't Work. He theorized that if either political party were to disappear, it would much more likely be the Republicans, not the Dems. As he said, the Dems are all about telling you what to do and there is always a market for that. What do the Republicans stand for, no one knows? That was in 1995 written as the Republicans took over Congress, now they have been tossed out. Their rejection at Tea Parties suggests this is the correct interpretation. Reagan was the exception not the typical Republican product which is much more along the lines of Ford, Dole, Bush, no innovation there!

The overall social mood is negative, and that is going to be reflected in low ratings for ALL existing parties. The approval rate for congress is less than 20%, and that was true when Bush was on his way out of office. Neither party is grasping that BOTH of them now rate low in the polls as to approval ratings.

Their conventional wisdom of course is that if one is doing bad, the other will benefit, as the WSJ article reports this is not the case.

In a bear market opinion will savage all existing conventional players. Our template is the 1970s, look what happened to

Richard Nixon R

Gerald Ford R

Jimmy Carter D

Tip O'Neil D

Dan Rostenkowsi D

Conservative Dem governors in Texas thrown out for the first time in decades, no one voted for Bill Clements until after he was elected, that was his take on it....

Scott Burns the financial writer said that if his e mail was correct the last national election would be the last one when there were only two parties. Republicans came to office as the Civil War started. Such landmark events, like this economic depression, bring startling change.

There are governor elections next week in Virginia and New Jersey and congressional elections in New York and California, I expect narrow results with no one able to claim a clear victory.